Actually, one of the myths out there is how "easy" the boomers had it.
If you were born in 1955-1960 or so, it actually sucked for the most part.
You hit the job market with the recessions of 1974, 1980 and 1982.
Women entering the work force drove down wages for decades by inflating the labor supply.
If you were middle management, computers decimated your ranks, and millions were laid off in the 1980s and 1990s, and the trend continued into the next millennium.
The golden generation was the one born from 1960 to 1975 or so, when they came of age, the economy boomed for two decades, providing opportunities for advancement. They were more computer literate, so they could leapfrog their elders.
The recession of 2008 was the first "traumatic" event since 1982.
The COVID recession was relatively mild due to government policies to avoid a deep trough.
And the current labor shortage means you might have a temporary decline in income due to inflation, but that's far less painful than a year of unemployment (and the permanent hit to income).
A note on housing costs - I just saw an interesting factoid that when you adjust for square footage, housing costs haven't really risen over the last four decades - but the size of the standard house has more than doubled. What's inflated are expectations of what is "normal."
Expectations have as much to do with (un)happiness as your actual situation, if you expect that you'll be upper middle class with ever increasing income, and end up in the middle, even if overall you're far richer than most Americans 30 years ago, you'll feel dissatisfied with how your life turned out. Because we tend to measure ourselves relative to our peers - instead of focusing on what we really want in life, we yearn for what they have.